TITLE

UNCOVERING KNOWLEDGE STRUCTURES OF VENTURE CAPITAL INVESTMENT DECISION MAKING

AUTHOR(S)
Patel, Pankaj; D'Souza, Rodney
PUB. DATE
January 2008
SOURCE
USASBE Conference Proceedings;2008, p1
SOURCE TYPE
Conference Paper
DOC. TYPE
Article
ABSTRACT
Prior studies on venture capital investment decision using espoused criteria and aggregation methods have shown mixed results. Using a set of 143 funded and unfunded business plans we analyze the latent decision structure of venture investments, thereby furthering previous studies on VC decision making. Utilizing theoretical underpinnings of the literature on expertise, random utility methods, and cognitive biases, we find that the competitive environment is the key criteria for funding, while quality of venture team is a key criterion for not funding a business plan.
ACCESSION #
31131634

 

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